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Why is the HECM a niche product?

Shannon Hicks
 The Brookings Institution: Reasons for low HECM uptake and how to expand market growth Despite the more Americans retiring without sufficient savings to fund their non-working years, reverse mortgages remain a niche product- one whose acceptance has shrunk considerably in recent years. This conundrum is addressed in a recent

Researchers present HECM fixes last week

Shannon Hicks
 How do you fix the reverse mortgage and expand its availability? Researchers presented their ideas last week There’s no shortage of ideas when it comes to just how to strengthen the federally-insured reverse mortgage and expand its reach to older homeowners. Last Monday, the Brookings Institution hosted a symposium

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